on Helvetia Holding AG (isin : CH0466642201)
Patria Genossenschaft Acquires Baloise Shares from Cevian Capital
On April 25, 2025, Patria Genossenschaft acquired 4,282,758 shares of Baloise Holding Ltd from Cevian Capital. This transaction represents 9.351% of Baloise's capital and voting rights. It allows Patria Genossenschaft to vote at the upcoming Extraordinary General Meeting on May 23, 2025, regarding the merger with Helvetia.
Baloise will not nominate a seventh member to the Board of Directors for the merger with Helvetia. Consequently, the new entity, Helvetia Baloise Holding Ltd, will consist of 13 board members post-merger.
The details of the purchase price remain confidential. This acquisition is seen as a strategic move ahead of a crucial vote for the merger proposal announced earlier on April 22, 2025.
R. E.
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